Is ALLETE, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for ALLETE, Inc. has changed from mildly bearish to mildly bullish. The weekly MACD and Bollinger Bands indicate bullish momentum, while the monthly MACD also supports this stance. However, the daily moving averages are mildly bearish, suggesting some short-term weakness. The Dow Theory shows a mildly bullish trend in both weekly and monthly perspectives.
In terms of performance, ALLETE's returns over the past week and month have outpaced the S&P 500, with a 1.49% gain compared to 1.09% for the index over one week and a 5.73% gain compared to 4.15% over one month. However, the year-to-date and longer-term returns are lagging significantly behind the S&P 500. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands.